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Cardano’s Founder Bullish As Native Assets Skyrocket On ADA Network

Cardano’s ecosystem growth is exceeding even the expectations of its strongest believers. Charles Hoskinson, the CEO of Input Output Global (OIG), has declared that he was wrong about how many dApps and native assets would host. 

Charles Hoskinson reiterates that ‘slow and steady’ approach is winning

Back in 2020, Hoskinson predicted that in 2021 the Cardano ecosystem would be exciting to be a part of as there would be “hundreds of assets, thousands of dApps, tons of interesting projects and lots of unique and utility.”

In a tweet today he reviewed the forecast. The Cardano co-founder revealed that the ecosystem had breezed past all the benchmarks. There are now millions of native assets and hundreds of dApps, he said.

He made the claim while pointing out the supporting data shared by Morgan Schofield, the head of ecosystem growth at IOG. From IOG’s dashboard, the Cardano blockchain has now seen the minting of over 4 million NFTs, with around 50,000 distinct minting policies.

While Hoskinson capped off his boast with the Cardano’s often cited slogan – Slow and steady – Schofield noted that as the network scales throughput, the pace of native assets minting will increase.

Interestingly, this marks the second time Hoskinson has revisited the 2020 prediction. Last year, he also pointed out that there were thousands of assets on Cardano while replying to an observer who held that the prognosis had failed to materialize.

Since then, Cardano has come a long way. The network has seen the launch of several functional dApps in the form of NFT marketplaces, DEXs, and utility platforms, that are utilizing its smart contracts capabilities. The blockchain is also gaining massive traction as indicated by ADA wallet addresses that have surpassed 3 million per data from Cardano Blockchain Insights. 

The price of ADA crosses the dollar mark

The  price of ADA has been holding strong in the market this month. ADA is up 9.92%, with the price crossing the elusive dollar mark to now stand at $1.07 on the day.

The ADA surge represents a more than 35% increase from its lowest price this month of around $0.75.

Disclaimer

The presented content may include the personal opinion of the author and is subject to market condition. Do your market research before investing in cryptocurrencies. The author or the publication does not hold any responsibility for your personal financial loss.

About Author

Olivia’s interests spans across the Cryptocurrency and NFT and DeFi industry. She remains as fascinated by cryptocurrencies today, as she was back in 2017, when she first started reading up about them. She’s actively on the lookout for the latest Crypto related stories. When she’s not writing, she’s catering to her pet chihuahua, or curating vegan recipes. Reach me at [email protected]

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